Last week, the National Taxpayers  Union (NTU) released a study that found, if passed, the Marketplace Fairness Act would cost American taxpayers $340 billion in new sales taxes in 2015. NTU, a national taxpayer advocacy organization, has been a leader in the movement to stop the Marketplace Fairness Act from passing into law.

The study, The Consumer Impact of the Marketplace Fairness Act, conducted by Andrew Chang & Company, LLC, analyzed academic literature and found that “all existing studies determined that the MFA would impose measurably heavier state and local sales tax burdens on American households, owing to new business obligations to collect and remit taxes on so-called 'remote' purchases.” Key findings from The Consumer Impact of the Marketplace Fairness Act:

• The MFA’s provisions for remote sales tax collection could amount to $340 billion over the next ten years.
• Nationally, the average impacted household would pay an additional $360 in state and local sales taxes in 2015 if MFA were implemented. This burden of the MFA on families would likely rise at a rate faster than inflation, as online buying continues to grow.
• Nationally, the burden of state and local sales taxes on families would increase by 5.9 percent on average. Households in some states would pay up to 16 percent more in sales taxes.
• Households in the South and Southwest would be hit the hardest. The average impacted household in Louisiana would pay $850 more in sales taxes in 2015 if MFA is passed. Impacted households in Nevada, California, New Mexico and Tennessee would pay between $541 and $620 in additional sales taxes in 2015.

For more information and access the case study by visiting the NTU's website.